Yorkshire-based advice firm bought by Alexander Beard

Alexander Beard Group (ABG) has bought McGowan Associates for an undisclosed sum, bringing a further £35m of assets under management to the Cheshire-based group. McGowan Associates (McGA) comprises two advisers and a paraplanner, and is based in Yorkshire.

Paul Beard, executive chairman of Alexander Beard Group, said that the acquisition fits its strategy of buying smaller practices in relevant locations.